Release date: June 28, 2017 | Next release date: July 6, 2017
2017 EIA Energy Conference
There is no feature article for This Week in Petroleum today. Thanks to all who attended and participated in the 2017 EIA Energy Conference.
The conference presentations are now available.
U.S. average regular gasoline and diesel retail prices fall
The U.S. average regular gasoline retail price fell three cents from the previous week to $2.29 per gallon on June 26, down four cents from the same time last year. The East Coast and Gulf Coast prices each fell four cents to $2.23 per gallon and $2.05 per gallon, respectively, while the West Coast price fell three cents to $2.83 per gallon, the Rocky Mountain price fell over two cents to $2.39 per gallon, and the Midwest price fell one cent to $2.17 per gallon.
The U.S. average diesel fuel price fell two cents to $2.47 per gallon on June 26, four cents higher than a year ago. The Rocky Mountain price fell over three cents to $2.59 per gallon, the West Coast and Midwest prices each fell over two cents to $2.76 per gallon and $2.39 per gallon, respectively, and the East Coast and the Gulf Coast prices each fell two cents to $2.52 per gallon and $2.31 per gallon, respectively.
Propane inventories gain
U.S. propane stocks increased by 3.9 million barrels last week to 58.5 million barrels as of June 23, 2017, 23.6 million barrels (28.8%) lower than a year ago. Gulf Coast, East Coast, Midwest, and Rocky Mountain/West Coast inventories increased by 2.5 million barrels, 0.6 million barrels, 0.5 million barrels, and 0.3 million barrels, respectively. Propylene non-fuel-use inventories represented 4.8% of total propane inventories.
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Retail prices (dollars per gallon)
| Retail prices | Change from last | ||
|---|---|---|---|
| 06/26/17 | Week | Year | |
| Gasoline | 2.288 | -0.030 | -0.041 |
| Diesel | 2.465 | -0.024 | 0.039 |
Futures prices (dollars per gallon*)
| Futures prices | Change from last | ||
|---|---|---|---|
| 06/23/17 | Week | Year | |
| Crude oil | 43.01 | -1.73 | -4.63 |
| Gasoline | 1.434 | -0.021 | -0.091 |
| Heating oil | 1.372 | -0.055 | -0.083 |
| *Note: Crude oil price in dollars per barrel. | |||
Stocks (million barrels)
| Stocks | Change from last | ||
|---|---|---|---|
| 06/23/17 | Week | Year | |
| Crude oil | 509.2 | 0.1 | 13.3 |
| Gasoline | 241.0 | -0.9 | 2.0 |
| Distillate | 152.3 | -0.2 | 1.8 |
| Propane | 58.451 | 3.918 | -23.622 |